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PBS
Dec 31, 2012 5:00pm PST
so-called fiscal cliff. members of the senate agreed to extend tax cuts for middle income earners and raise taxes on the wealthy but the house of representatives decided not to vote on the bill on new year's eve. the house is expected to resume talks quickly in the new year to avert a serious impact from tax hikes. president barack obama gave a conference earlier on new year's eve. he said he was optimistic that senators could reach a compromise. >> now today it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve, but we're hopeful that congress can get it done. >> senate republican leader mitch mcconnell said the two parties had reached an agreement on tax. they a believed have aged to extend tax cuts for middle income earners. people earning more than $450,000 per year will see their taxes go up. that's far higher than obama's original proposal. they have yet to agree to suspend spending cuts. the democrat led senate is expected to pass the bill on new year's eve. the republican led house says i
PBS
Dec 26, 2012 5:00pm PST
tax-free on the tsunami survivors. i really have a high expectation about this. >> translator: i want a new administration to listen to the voices of young people and do something new because nothing really seems to have changed. >> abe takes charge as japan is embroiled in some difficult relations with its neighbors. a former u.s. official hopes the new government will rebuild regional ties and those with the u.s. former deputy secretary of state james steinberg was a leading advocate for the asia pacific region. he welcomed abe's plan to make his the first foreign destination. >> i think there's no substitute for leader to leader discussions. given the delicacy and importance of issues in east asia now. >> steinberg expressed the concerns over the senkaku islands. japan controls the islands in the east china sea. china and taiwan claim them. >> the re-elected leader in the united states and new leaders in all three majorountries of northeast asia. this is an opportunity to take a step back and get a new perspective and avoid this tit for tat and day to day things causing so muc
PBS
Dec 25, 2012 5:00pm PST
also plans to double consumption tax to 10% by october 2015. but the international monetary fund says a minimum of 15% is needed for full fiscal rehabilitation. the new government says it will first tackle economic recovery and plans to draft an extra budget for the current fiscal year. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people. pollution threatens their health. and disputes at sea strains relations with its neighbors. find out the challenges china faces, on "newsline." >>> traffic in china is said to be more of a free-for-all than an orderly procession. motorists often ignore other motorists and pedestrians too, and the pedestrians also play fast and loose with the rules. one result, lots of accidents. so authorities are taking action. nhk world's takafumi terui has the report. >> reporter: red lights don't stop these pedestrians. and crossings, who needs them? as for drivers, when they change lanes, they barely give a thought to other motorists. not a day goes by in chinese cities without a traffic
Search Results 0 to 2 of about 3